I was wondering how you get someone to drill on your property? 
I am going to sell my farm and wanted to drill before I sell? Anyone 
Interested in drilling or buying my farm it's north of Bonham Tx.  Thanks

Views: 474

Reply to This

Replies to This Discussion

Excepting the possibility that you own a very large, contiguous acreage, you will not have the ability to get someone to drill your property, Brenda.  If you wish to maintain your mineral estate all you have to do is reserve your minerals when you sell your surface.

So if you DID own a considerable amount of acres with a possible 4000' lateral,  You could perhaps talk to a oil company and be taken seriously about having them drill your acreage?  And If you perhaps had drilling logs showing there is hydrocarbons under the ground in three formations? lol  Just saying I have all these lol.

You could offer your mineral rights as a Working Interest to a company capable of drilling a well.  But what kind of well?  The fraternity of horizontal drillers is relatively small so not any company is a candidate depending on depth.  A conventional reservoir that could be economically produced with vertical wells would be a more likely scenario to attract a capable small independent.  The real challenge is selling the "prospect" if there is not existing near by development.  To do that you might have to find an independent geologist to build a case for a specific target and sell it to a company that he or she feels is a match.  The operator would provide the geologist with an Overriding Royalty Interest as payment.  This is obviously a very simplified description but GHS is not the place for a more detailed discussion.

Brenda, what Skip means is that TX mineral law is totally different than La. mineral law.

In other words, in TX you can keep your mineral rights in perpetuity (if you so choose) (i.e., if you actually do own the mineral rights in the first place, and that can be a big IF, too) . . . even after you sell the surface land and even if there is no drilling or no continuous O&G production.

Severed minerals.

Whereas in La., the surface buyer/owner will thus reclaim (so to speak) the minerals per a 10-year prescription window if the mins are held back and then there is no drilling or production.   


 

RSS

Support GoHaynesvilleShale.com

Blog Posts

History of GoHaynesvilleShale

The History of GoHaynesvilleShale.com

GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…

Continue

Posted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service